We'll see 9250 as a LL (3rd touch) before she rockets to 9750 that will be our next HH to follow. I see this move happening within the next week. PEACE!
Bias is short on this pair; we can however expect a slight push-up to a major resistance area (that will be tested) USDJPY will fall accordingly. Keeping my SL nice and tight on this trade - let's see how she plays out
LONG FOR DAYS - Gold is expected to ping off a heavy resistance that has been respected since mid November. As soon as this happens, my bias will be long up until 1500.
Bearish trend on this pair, we are however still waiting on a third touch on the trendline. A retest to take place, after which a huge spike to R15,65 will take place. SA has elections coming down on the 8th of May, together with a big increase on the local price of fuel in country - This will in the end result in a higher price for the USD, since ZAR will weaken.